tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

Sunnova brings Adaptive Retail energy to Texas with David Energy collaboration

Sunnova Energy International has teamed up with David Energy, a software-driven retail energy provider in Texas, to bring its Adaptive Retail energy plan to the Texas marketplace. The Adaptive Retail energy plan leverages Sunnova SunSafe solar and battery storage systems to create a virtual power plant that optimizes the interactions of the fleet with the electric grid. By aggregating the battery storage and generation capacity of its customers, Sunnova can provide a more reliable and flexible source of energy that can respond to changes in demand and market conditions. Together, Sunnova and David Energy will leverage their distributed energy resource management software to optimize their customers’ distributed energy resources and create a VPP in Texas. Sunnova’s fleet of batteries will react in real time to David Energy’s platform, which dispatches the fleet based on the price of energy in the wholesale market. In addition, David Energy’s platform will allow these DERs to integrate the value of demand response and bid their capacity into Electric Reliability Council of Texas’s ancillary markets for the creation of the lowest energy rates for Sunnova’s customers. "Our Adaptive Retail plan represents a significant departure from the traditional centralized power generation model, putting more control and flexibility in the hands of our customers," said William J. Berger, CEO of Sunnova Energy International Inc. "By leveraging our customers’ Sunnova SunSafe systems through a VPP, we can create a more reliable and cost-effective source of energy for the electric grid, while also providing our customers with the best possible prices."

Meet Your ETF AI Analyst

Published first on TheFly

See today’s best-performing stocks on TipRanks >>

Read More on NOVA:

Disclaimer & DisclosureReport an Issue

1